© Reuters. A board with the logo is on display outside the office of the Moscow Exchange in the capital city of Moscow, Russia March 24, 2022. REUTERS/Maxim Shemetov
MOSCOW (Reuters) – Moscow Exchange, Russia’s largest bourse, on Friday said it planned to legally challenge European Union sanctions on the country’s National Settlement Depository (NSD) and would seek to protect the interests of Russian investors.
The NSD, Russia’s domestic paying agent, equivalent to the Euroclear and Clearstream western clearing houses, plays an important role in the country’s financial system and is a key intermediary with international markets.
It was sanctioned by the EU in early June.